Ferdinand Piëch has just probably cashed his first major defeat.
The conflict over the future of VW CEO Martin Winterkorn has shaken the Group even stronger than previously known. The dispute in the Supervisory Board’s Bureau of Europe’s largest carmaker had come escalates, it almost came to a revolt against the chairman Ferdinand Piëch, reports the Sunday newspaper Frankfurter Allgemeine. Piëch had initially refused obstinately to leave Winterkorn in office and agree to a corresponding declaration by the other five members. According to the F.A.S. he demanded at least a compensation for his good behavior.
The other top five supervisory boards – council boss Bernd Osterloh, Berthold Huber, Prime Minister of Lower Stephan Weil, Wolfgang Porsche and Stephan Wolf – however, remained firm. They beat Piëch from any concession and were ready if necessary ask him to resign. To avoid further escalation, finally an ultimatum presented Piëch and the remaining five each other: By Friday morning, each side could reconsider its irreconcilable position. On Friday finally drew a Piëch.
The following Volkswagen spreading the message that confirms what Winterkorn. “The Bureau of the Supervisory Board of Volkswagen AG notes that Professor Dr. Martin Winterkorn, Chairman of the Board for the best possible Volkswagen”, it said. He continued: “The Bureau attaches great importance to Professor Dr. Winterkorn his capacity as Chairman of the Board continued to follow so active and successful as before. He here has the full support of the board. “At the same time, Winterkorn was made an extension of his contract expiring next year in view.
After the showdown won in Europe’s largest carmaker, Volkswagen CEO Martin Winterkorn expressed publicly for the first time. “This confidence is a tailwind on the way, Volkswagen to become the most successful automotive group in the world,” he told the “Bild am Sonntag”.
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Read more in the Sunday newspaper from 19.04.2015. On the eve already in the F.A.S. App and e-paper.
Also, the General Staff chairman Bernd Osterloh – the employee has ten of twenty supervisory boards and thus more votes than the Piëch and Porsche families together – turned once more behind the corporate executives. He expressed the leadership contest very early the opinion Winterkorn should remain about the coming year and beyond at the helm. “We need to create in the next few years with him the new structures, in order to lay the foundation for his successor can be just as successful as him,” he said now the industry newspaper “Car Week”. With a contract extension for winter grain could the “unprecedented success” to be continued by Volkswagen. Winterkorn was a “stroke of luck for the company.”
A successor has yet to be constructed for words Osterlohs. “In general, we have many other managers within the Group which would qualify. But the need to prove himself again until the next few years, “said the council boss. As a possible successor Winterkorn For example, Porsche CEO Matthias Mueller.
Observers suspect, however, that Piëch will be no peace in spite of the setback suffered now. He would stick around to his goal of preventing Winterkorn as his successor at the head of the Supervisory Board. Helmut Becker, a former chief economist of BMW, Winterkorn now holds for weakened. “Winterkorn has not won,” but he had only reached a stage win, he said. Anyway, Winterkorn will give up some of his direct responsibilities soon. From the middle of the previous BMW manager Herbert Diess to switch to the Volkswagen Group and take over the leadership of Winterkorn the ailing main VW brand.
According to council boss Osterloh the function of Diess is comparable to the post of Chief Operating Officer (COO), who is responsible for the daily operations of US companies. Diess will be responsible for ensuring that the measures taken by Winterkorn measures are successfully implemented. “In Brazil, there are currently busy, Russia, India, the United States,” Osterloh said.
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